Methods of assessment and condition of shadow economy in the republic of dagestan

The article attempts to summarize some of the findings and conclusions of the research of a number of well-known authors on the methods of evaluation of the level of shadow economy. Using accepted valuation methods, comparative analysis of the status of the informal sector in the Republic of Dagestan was performed and several ways of its legalization were substantiated. It was justified that in the region, as well as in Russia as a whole, the share of the shadow economy is several times higher than in the European countries and the USA. Forecast calculations made by the authors show that the tax base of the Republic of Dagestan will allow significantly reducing the subsidized budget in case of the shadow economy legalization, and achieving fiscal self-sufficiency by 2017.

assessment methods, shadow economy, legalization of shadow economy, size of shadow activity, recording of shadow activity, gross domestic product, gross regional product, income tax, region, entrepreneurship